💎 Paradisers, #ZEC is indeed a coin worth monitoring closely.
💎 Currently, ZEC is facing resistance at the 27 level. ZEC successfully breaking out of this resistance with a strong green candle would indicate bullish momentum, especially after breaking the ascending triangle pattern.
💎 However, if ZEC fails to break above the resistance and instead forms a rejection bearish candle, it could signal a potential retracement back to the support area around 24.3. From there, ZEC may gather momentum for another attempt to break the resistance.
💎 On the other hand, if ZEC breaks the resistance at 27 without retesting the demand area, it may continue its upward movement, potentially reaching our target strong resistance area.
💎 A concerning scenario would be if ZEC fails to bounce upon retesting the support at 24.3. A breakdown below this support level could lead to a further downward movement towards the key demand area at 21.6. ZEC must bounce from this area and reclaim the support level to maintain the bullish scenario.
💎 The bullish invalidation would be confirmed if ZEC breaks below the demand area, especially with a daily candle close below it. Such a move would indicate strong bearish momentum and could lead to further downward movement.
MyCryptoParadise
iFeel the success🌴
💎 Currently, ZEC is facing resistance at the 27 level. ZEC successfully breaking out of this resistance with a strong green candle would indicate bullish momentum, especially after breaking the ascending triangle pattern.
💎 However, if ZEC fails to break above the resistance and instead forms a rejection bearish candle, it could signal a potential retracement back to the support area around 24.3. From there, ZEC may gather momentum for another attempt to break the resistance.
💎 On the other hand, if ZEC breaks the resistance at 27 without retesting the demand area, it may continue its upward movement, potentially reaching our target strong resistance area.
💎 A concerning scenario would be if ZEC fails to bounce upon retesting the support at 24.3. A breakdown below this support level could lead to a further downward movement towards the key demand area at 21.6. ZEC must bounce from this area and reclaim the support level to maintain the bullish scenario.
💎 The bullish invalidation would be confirmed if ZEC breaks below the demand area, especially with a daily candle close below it. Such a move would indicate strong bearish momentum and could lead to further downward movement.
MyCryptoParadise
iFeel the success🌴
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.